Egypt's main index EGX30 dipped 0.9 percent on Sunday to 7,480 points, almost erasing last week's gains due to profit taking, according to Wafik Dawood, portfolio manager at Cairo-based Compass Capital.

Egypt will float parts of two state-owned lenders on the Egyptian stock exchange this year and sell a stake in state-owned United Bank of Egypt, the central bank governor Tarek Amer said.

Egyptian Financial Group Hermes (EFG-Hermes), one of Egypt's leading investment banks, posted consolidated net profits of EGP 461 million in 2015, down 14 percent from EGP 538 million in 2014.

Egypt’s listed property developer Emaar Misr doubled its net profit in 2015 compared with the previous year to register EGP 854.7 million, according to a statement from the company on the bourse website on Tuesday.